This year’s survey results show that investment appetite in Hong Kong remains positive despite the challenges in the local investment market, contributing by the escalating political unrest and the prolonged US-China trade war. Over the next 12 months, 71% and 89% of the investors surveyed indicated that they are looking to deploy capital within and outside of Hong Kong respectively.
The economic slowdown and social unrest were reflected in a weaker residential market performance in Q3 2019. Transaction volume declined by 40.3% QOQ, while residential prices were down by 1.5% in the two months of July and August. Over the next five years, annual completions should reach 16,500 units. Despite being about 3% higher than the average completions from 2014 to 2018, shortage of supply should remain.